Restaurant Brands International QSR Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Total revenues by Business | ||||||
| BK | $365M-4.7% | $383M-1.0% | $387M-0.3% | $388M+9.0% | $356M-4.8% | |
| FHS | $60M0.0% | $60M0.0% | $60M+1.7% | $59M+9.3% | $54M-6.9% | |
| INTL | $254M-3.4% | $263M-1.9% | $268M+7.2% | $250M+14.7% | $218M-8.0% | |
| PLK | $190M-2.6% | $195M-3.0% | $201M-4.3% | $210M+8.2% | $194M-3.5% | |
| RH | $448M-6.7% | $480M+4.6% | $459M-2.1% | $469M+8.6% | $432M-2.9% | |
| TH | $997M-12.2% | $1.14B+0.9% | $1.13B+3.9% | $1.08B+19.9% | $903M-12.1% | |
| Total by Business | ||||||
| BK | $43M-12.2% | $49M-16.9% | $59M+3.5% | $57M+3.6% | $55M0.0% | |
| FHS | $10M0.0% | $10M+11.1% | $9M0.0% | $9M0.0% | $9M0.0% | |
| INTL | $0— | $0— | $0— | $0— | $0— | |
| PLK | $38M-7.3% | $41M+5.1% | $39M-2.5% | $40M+2.6% | $39M-9.3% | |
| RH | $401M-4.5% | $420M+4.2% | $403M-0.7% | $406M+7.1% | $379M-2.1% | |
| TH | $564M-14.4% | $659M+6.5% | $619M+5.1% | $589M+18.8% | $496M-12.1% | |
| Adjusted Operating Income (Loss) by Business | ||||||
| BK | $115M— | —— | —— | —— | $103M— | |
| FHS | $14M— | —— | —— | —— | $11M— | |
| INTL | $196M— | —— | —— | —— | $138M— | |
| PLK | $57M— | —— | —— | —— | $60M— | |
| RH | -$1M— | —— | —— | —— | $7M— | |
| TH | $229M— | —— | —— | —— | $220M— | |
| Property revenues by Business | ||||||
| BK | $56M0.0% | $56M+3.7% | $54M-1.8% | $55M+5.8% | $52M-7.1% | |
| FHS | $0— | $0— | $0— | $0— | $0— | |
| INTL | $0-100% | $1M— | $0— | $0-100% | $1M— | |
| PLK | $3M-25.0% | $4M0.0% | $4M0.0% | $4M0.0% | $4M0.0% | |
| RH | $0— | $0— | $0— | $0— | $0— | |
| TH | $146M-7.0% | $157M-5.4% | $166M0.0% | $166M+21.2% | $137M-10.5% | |
| Segment G&A by Business | ||||||
| BK | $32M-3.0% | $33M+10.0% | $30M-3.2% | $31M-13.9% | $36M+2.9% | |
| FHS | $13M+8.3% | $12M0.0% | $12M-7.7% | $13M-7.1% | $14M+16.7% | |
| INTL | $51M-3.8% | $53M+12.8% | $47M0.0% | $47M-9.6% | $52M+4.0% | |
| PLK | $18M0.0% | $18M+5.9% | $17M-10.5% | $19M-9.5% | $21M-4.5% | |
| RH | $24M-7.7% | $26M+13.0% | $23M0.0% | $23M-4.2% | $24M0.0% | |
| TH | $34M-5.6% | $36M+9.1% | $33M-2.9% | $34M-8.1% | $37M-11.9% | |
| Income (Loss) from Equity Method Investments by Business | ||||||
| BK | $0-100% | $1M— | $0— | $0— | $0— | |
| FHS | $0— | $0— | $0— | $0— | $0— | |
| INTL | -$1M+80.0% | -$5M-150% | -$2M-300% | $1M-50.0% | $2M+167% | |
| PLK | $0— | $0— | $0— | $0— | $0— | |
| RH | $0— | $0— | $0— | $0— | $0— | |
| TH | $3M0.0% | $3M-25.0% | $4M0.0% | $4M+33.3% | $3M0.0% | |
| Advertising expenses and other services by Business | ||||||
| BK | $141M-4.7% | $148M+5.0% | $141M-4.1% | $147M+11.4% | $132M-21.9% | |
| FHS | $21M+5.0% | $20M+5.3% | $19M-5.0% | $20M+17.6% | $17M-22.7% | |
| INTL | $21M-4.5% | $22M-12.0% | $25M+8.7% | $23M0.0% | $23M+15.0% | |
| PLK | $74M+1.4% | $73M-7.6% | $79M-1.3% | $80M+11.1% | $72M-4.0% | |
| RH | $23M-4.2% | $24M+4.3% | $23M-4.2% | $24M+14.3% | $21M+5.0% | |
| TH | $82M+7.9% | $76M-1.3% | $77M-17.2% | $93M+40.9% | $66M-8.3% | |
| Segment F&P expenses by Business | ||||||
| BK | $34M+6.3% | $32M-8.6% | $35M+6.1% | $33M+6.5% | $31M-13.9% | |
| FHS | $2M0.0% | $2M-60.0% | $5M+150% | $2M0.0% | $2M0.0% | |
| INTL | -$14M— | —— | $7M-22.2% | $9M+80.0% | $5M-76.2% | |
| PLK | $3M0.0% | $3M0.0% | $3M-50.0% | $6M+200% | $2M+100% | |
| RH | $0— | $0— | $0— | $0— | $0— | |
| TH | $82M-2.4% | $84M-2.3% | $86M+3.6% | $83M+6.4% | $78M+1.3% | |
| Number of restaurants in operation by Business | ||||||
| BK | 19.9K-0.2% | 19.9K+1.4% | 19.6K-0.2% | 19.7K-0.3% | 19.7K-0.1% | |
| PLK | 5.4K+0.1% | 5.4K+3.5% | 5.2K+2.8% | 5.1K+1.4% | 5K+0.7% | |
| TH | 6.2K-0.5% | 6.2K+1.7% | 6.1K+0.8% | 6.1K+0.6% | 6K-0.1% | |
| CapEx by Business | ||||||
| BK | $5M-64.3% | $14M+100% | $7M+16.7% | $6M+20.0% | $5M-80.8% | |
| FHS | $1M-50.0% | $2M0.0% | $2M+100% | $1M0.0% | $1M-50.0% | |
| INTL | $2M-33.3% | $3M0.0% | $3M-25.0% | $4M+100% | $2M-33.3% | |
| PLK | $3M-62.5% | $8M+100% | $4M+100% | $2M0.0% | $2M-81.8% | |
| RH | $16M-68.0% | $50M-13.8% | $58M+176% | $21M+31.3% | $16M-71.4% | |
| TH | $5M-83.3% | $30M+100% | $15M+66.7% | $9M+80.0% | $5M-78.3% | |
| Indefinite-lived intangible assets: by Business | ||||||
| BK | $2.14B-0.5% | $2.15B0.0% | $2.15B-0.1% | $2.15B+2.6% | $2.09B+1.3% | |
| FHS | $816M0.0% | $816M0.0% | $816M0.0% | $816M0.0% | $816M0.0% | |
| PLK | $1.36B0.0% | $1.36B0.0% | $1.36B0.0% | $1.36B0.0% | $1.36B0.0% | |
| TH | $6.15B-1.2% | $6.22B+1.3% | $6.15B-2.0% | $6.27B+5.0% | $5.97B0.0% | |
| Cash distributions received from equity method investments by Business | ||||||
| BK | $0— | $0— | $0— | $0— | $0— | |
| FHS | $0— | $0— | $0— | $0— | $0— | |
| INTL | $0— | $0— | $0— | $0— | $0— | |
| PLK | $0— | $0— | $0— | $0— | $0— | |
| RH | $0— | $0— | $0— | $0— | $0— | |
| TH | $3M-40.0% | $5M+25.0% | $4M0.0% | $4M+33.3% | $3M-25.0% | |
| D&A by Business | ||||||
| BK | $12M0.0% | $12M-7.7% | $13M0.0% | $13M0.0% | $13M0.0% | |
| FHS | $1M0.0% | $1M0.0% | $1M0.0% | $1M0.0% | $1M-50.0% | |
| INTL | $7M0.0% | $7M-12.5% | $8M+14.3% | $7M0.0% | $7M0.0% | |
| PLK | $4M+33.3% | $3M-25.0% | $4M0.0% | $4M+33.3% | $3M-25.0% | |
| RH | $27M+8.0% | $25M+4.2% | $24M0.0% | $24M+20.0% | $20M-16.7% | |
| TH | $27M0.0% | $27M0.0% | $27M-3.6% | $28M+3.7% | $27M-3.6% | |
| Goodwill by Business | ||||||
| BK | $358M0.0% | $358M0.0% | $358M0.0% | $358M+206% | $117M-51.2% | |
| FHS | $194M0.0% | $194M0.0% | $194M0.0% | $194M+0.5% | $193M0.0% | |
| INTL | $542M-0.6% | $545M+7.7% | $506M-0.2% | $507M+3.0% | $492M+30.5% | |
| PLK | $844M0.0% | $844M0.0% | $844M0.0% | $844M0.0% | $844M0.0% | |
| RH | $364M-1.6% | $370M-0.3% | $371M-0.5% | $373M+3.0% | $362M-26.3% | |
| TH | $3.95B-1.2% | $4B+1.2% | $3.95B-1.9% | $4.03B+4.8% | $3.84B0.0% | |
| Revenue from Contract with Customer, Excluding Assessed Tax by Product | ||||||
| Franchise fees and other revenue | $36M0.0% | $36M-12.2% | $41M0.0% | $41M+24.2% | $33M-8.3% | |
| Royalties | $488M-4.7% | $512M-1.5% | $520M+4.0% | $500M+12.4% | $445M-7.9% | |
| Supply chain sales | $4M— | —— | $4M0.0% | $4M0.0% | $4M— | |
| Total by Product | ||||||
| Food, beverage, and packaging costs | $133M-8.9% | $146M+7.4% | $136M+1.5% | $134M+10.7% | $121M-3.2% | |
| Restaurant occupancy expense and other | $122M-0.8% | $123M+3.4% | $119M-0.8% | $120M+6.2% | $113M-3.4% | |
| Restaurant wages and related expenses | $146M-2.7% | $150M+1.4% | $148M-2.6% | $152M+4.8% | $145M0.0% | |
| Total revenues by Geography | ||||||
| CANADA | $902M-10.8% | $1.01B-1.7% | $1.03B+3.6% | $992M+21.7% | $815M-12.2% | |
| Other | $263M-7.4% | $284M+4.0% | $273M+7.9% | $253M+14.5% | $221M-7.9% | |
| United States | $1.1B-6.1% | $1.17B+2.0% | $1.15B-1.5% | $1.17B+8.6% | $1.07B-4.9% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Restaurant Brands International break its business down?
- Restaurant Brands International (QSR) reports total revenues by business across 6 parts — BK, FHS, INTL, PLK and RH. Each is extracted from the segment footnotes and tracked over time.
- Where does Restaurant Brands International's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Restaurant Brands International's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
